Juniper Investment To Buy Theragenics - Quick Facts

(RTTNews) - Theragenics Corp. (TGX) announced a definitive merger agreement pursuant to which a newly formed affiliate of Juniper Investment Company will acquire all the outstanding common stock of Theragenics for $2.20 per share in cash. The Board of Theragenics unanimously approved the merger agreement.

Upon the closing of the transaction, Frank Tarallo, the current Chief Financial Officer, will become the Chief Executive Officer of the company.

The transaction is expected to close in the fourth quarter of 2013. The merger agreement permits Theragenics to solicit competing offers from credible and bona fide third parties through September 6, 2013.